Form 62-103F1 Required Disclosure under the Early Warning Requirements Item 1 - Security and Reporting Issuer 1.1 State the designation of securities to which this report relates and the name and address of the head offi

Required Disclosure under the Early Warning

Item 1 - Security and Reporting Issuer

This report relates to the common shares ("Common

Shares") of Indiva Limited ("Indiva"). The address of Indiva's head office is:

333 Preston Street, Suite 710

TSX Venture Exchange.

Item 2 - Identity of the Acquiror

The acquirer is SNDL Inc. ("SNDL").

The address of SNDL is:

#300, 919 - 11 Avenue SW

Between February 1, 2023, and June 9, 2023, SNDL disposed

of 3,428,000 Common Shares through the facilities of TSX Venture Exchange (the "TSXV") at an average price of $0.0571 per

Indiva Share for a total consideration of $185,488 (the "Transaction"). The Transaction together with Indiva's

various treasury issuances of Common Shares, has resulted in SNDL's beneficial ownership of the total issued and outstanding Common

Shares of Indiva decreasing by 2.66%.

Item 3 - Interest in Securities of the Reporting

See item 2.2 above. Prior to the Transaction, SNDL held beneficial

ownership of 22,663,500 Common Shares of Indiva, representing approximately 15.59% of the then issued and outstanding Common Shares

of Indiva on a non-diluted basis. Upon the completion of the Transaction, SNDL held beneficial ownership of 19,235,500 Common Shares of

Indiva representing approximately 12.93% of the issued and outstanding Common Shares of Indiva. The Transaction together with Indiva's

various issuances of Common Shares from treasury, represents a change of 2.66% in SNDL's beneficial ownership in the issued and

outstanding Common Shares of Indiva.

See Item 2.2 above. SNDL disposed of its beneficial ownership

of 3,428,000 Common Shares (which, together with Indiva's various issuances of Common Shares from treasury, caused a change in approximately

2.66% of the then total issued and outstanding Common Shares beneficially owned by SNDL).

State if the securities lending arrangement is subject to

the exception provided in section 5.7 of NI 62-104.

Item 4 - Consideration Paid

Item 5 - Purpose of the Transaction

State the purpose or purposes of the acquiror and any joint

actors for the acquisition or disposition of securities of the reporting issuer. Describe any plans or future intentions which the acquiror

and any joint actors may have which relate to or would result in any of the following:

SNDL disposed of the securities in the Transaction for investment

purposes. SNDL intends to review its investment in Indiva on a continuing basis and may purchase or sell Common Shares in the future,

either on the open market or in private transactions, in each case, depending on a number of factors, including general market and economic

conditions and other factors and conditions SNDL deems appropriate.

SNDL may formulate other purposes, plans or proposals regarding

Indiva or any of its securities or may change its intention with respect to any and all matters referred to in this Item 5.

Item 6 - Agreements, Arrangements, Commitments or

Understandings With Respect to Securities of the Reporting Issuer

Describe the material terms of any agreements, arrangements,

commitments or understandings between the acquiror and a joint actor and among those persons and any person with respect to securities

of the class of securities to which this report relates, including but not limited to the transfer or the voting of any of the securities,

finder's fees, joint ventures, loan or option arrangements, guarantees of profits, division of profits or loss, or the giving or

withholding of proxies. Include such information for any of the securities that are pledged or otherwise subject to a contingency, the

occurrence of which would give another person voting power or investment power over such securities, except that disclosure of standard

default and similar provisions contained in loan agreements need not be included.

In connection with its strategic investment in Indiva dated

February 23, 2021, and pursuant to the terms of a Subscription Agreement dated February 16, 2021 between SNDL and Indiva, SNDL advanced

a secured non-revolving term loan facility to the Corporation in the principal amount of $11,000,000 (the "Term Loan").

A second advance of $8,500,000 was executed on October 4, 2021.

The Term Loan matures on February 23, 2024 (the "Maturity

Date") and bears an interest rate of 15% per annum. Interest is due monthly.

Investor Rights Agreement

Pursuant to its strategic investment in Indiva on February

23, 2021, SNDL and Indiva entered into an investor rights agreement (the "Investor Rights Agreement") whereby SNDL

was granted participation rights in future equity financings and top-up rights entitling SNDL to maintain its pro-rata ownership in the

Corporation, and registration rights, subject to customary limits and exceptions. The Investor Rights Agreement will terminate upon the

Term Loan being repaid in full.

Item 7 - Change in Material Fact

If applicable, describe any change in a material fact set

out in a previous report filed by the acquiror under the early warning requirements or Part 4 in respect of the reporting issuer's

If the acquiror relies on an exemption from requirements

in securities legislation applicable to formal bids for the transaction, state the exemption being relied on and describe the facts supporting

Item 9 - Certification

I, as the acquiror, certify, or I, as the agent filing this

report on behalf of an acquiror, certify to the best of my knowledge, information and belief, that the statements made in this report

are true and complete in every respect.